Section 148 of NI Act Not Applicable if 20% Fine Deposit Requirement Undermines Right to Appeal: Rajasthan High Court

In a significant ruling, the Rajasthan High Court has held that the 20% deposit requirement under Section 148 of the Negotiable Instruments Act, 1881, may be waived if it jeopardizes an appellant’s right to a fair appeal. The decision came in Asha Devi v. Narayan Keer & Anr., a case involving a financially struggling woman

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